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Climate change cuts demand in the real estate market ? Maybe not

  

Category:  Other

Via:  petey-coober  •  11 years ago  •  3 comments

Climate change cuts demand in the real estate market ? Maybe not

Housing: The Great Sandy Sell-Off

It seems to be quite the opposite . Discussed here are damaged properties being snapped up at a discount in large quantities . I guess not everyone perceives a danger from climate change .


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Petey Coober
Freshman Silent
link   seeder  Petey Coober    11 years ago

Clearly the pull of owning oceanfront property is greater than the fear of future hurricane damage . Some things never change ...

 
 
 
Perrie Halpern R.A.
Professor Expert
link   Perrie Halpern R.A.    11 years ago

They may find themselves regretting that choice. I know of many people who gave up water front homes on canals of the south shore, which is actually sheltered compared to this house. $36 grand from FEMA does not repair these homes and the insurance to keep them is insane.

 
 
 
Petey Coober
Freshman Silent
link   seeder  Petey Coober    11 years ago

Yes they may or may not . Only time will tell . How about you ? Are you planning on selling ?

 
 

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